MS AUTOTECH: Q1 Operating Profit Down 48%, Parent Net Loss Narrows

Consolidated revenue for Q1 2026: KRW 420.1bn (vs KRW 402.3bn in Q1 2025, +4.4%)
Consolidated operating profit: KRW 11.9bn (vs KRW 22.7bn, -47.5%)
Net loss attributable to parent: KRW 4.8bn (vs loss of KRW 12.7bn, narrowed)
Debt ratio: 166% (similar to 166% at year-end 2025)
Credit rating: BB- (NICE, April 2026)
Litigation risk: KRW 12.6bn damage claim from Dream Ace; first trial pending
No dividend (accumulated deficit restricts distributable earnings)